In order to prepare your budget for a layoff, one of the best things you can do is learn to live on less when you have your typical paychecks coming in. Living paycheck to paycheck is a reality for many, and a habit many promise to break once they earn more. If you can afford it...
Worried about layoffs? You can prepare for this big change ahead of time. Here are 10 ways to prepare for a layoff—plus what to do after you’re laid off.
Being laid off from your job can be difficult and confusing. To help you in your job search, we’ve explained how to address a layoff in your cover letter to help you land your dream job. Whether you were laid off due to budget cuts or simply because your company was downsizing, it ...
You can also get ready for a layoff by starting a side hustle. That could be working a second unrelated job, offering consulting work in your professional field or picking up gig work like ride-sharing, delivery services or freelancing. “It’s always good to have other sources...
When you are laid off, things may seem totally out of your control: you no longer have use of your office, your income has stopped or will stop soon, your bills continue pouring in and there is no job alternative in site.
That said, hiring managers sometimes have a bias against job seekers who are unemployed, so you will want to prepare to answer interview questions about your layoff. You do not want interviewers to see a layoff as a reflection of your ability to do the job well. This may be complicated...
The key to layoff-proofing your money is planning, says Anne Lester, a personal finance expert and author of "Your Best Financial Life: Save Smart Now for the Future You Want," which will be released later this month. "The most important thing you can do is actually understand what you...
Sometimes a very kind laid off employee will remark, “Wow, I can see this is not easy for you either. Do you have a lot of people you have to lay off today? That must be really hard for you, too.” This is not your cue to dive into a long description about how much you were...
This is a surefire way to place your head on the layoff chopping block, and when used with another tip from above, it could get you the pink slip and severance package you’re looking for. Now, I also got a whole lot more tips that were phrased as “more sketchy” ways to get ...
Do overhaul your expenses immediately after a layoff. "There are things people have never had to live without; they may not know basics from luxuries," says Susan Brown, a certified financial planner in Boston. "Cutting back requires fresh thinking." This isn't about signing up for a cheap...